Statement of problem:
Unemployment is the number of employees who are at least 16 years old, who are not working, and who have been trying to find a job. Lacking a job often means lacking social contact with fellow employees, lack of self-esteem, mental stress and illness, and of course the inability to pay bills and to purchase both necessities and luxuries. These effects are especially serious for those with family obligations, debts, and/or medical costs, where the availability of health insurances often linked to holding a job. South Asia’s unemployment rate stayed at 4.7 per cent in 2005and South-East Asia and the Pacific’s unemployment rate was 6.1per cent. Objective of the study:
Major objectives of our study related to this term paper are to discuss: * Major causes of unemployment in developing countries
* Major effects of unemployment in developing countries
* Change in employment and unemployment pattern around the globe and with specific importance to Asian countries. Methodology and sources of data:
Most of the data is collected from internet for this term paper. Statistics are gathered from reliable sites of ILO (International labor Organization), WB (World Bank), ADB (Asian Development Bank) and SBP (State Bank of Pakistan). Percentages are used to discuss changing pattern of employment and unemployment. Body:
Global cause of unemployment:
Unemployment is not the result of any one cause. It makes its appearance in a great variety of circumstances, some in personal factors, some in economic changes, and some in legislative and regulatory conditions. Industrial and technological changes may force workers to readjust and relocate. And in another way the low demand, high population growth rate, discriminations, illiteracy, technical progress, the rise and fall of industries, trade union behavior, seasonal nature of jobs etc., or combinations of these factors lead to unemployment....